Category: turmoil
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National Grid’s £7 Billion Fundraising Sparks Market Turmoil
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More than £6 billion has been wiped from the energy and water sectors on the London stock market after National Grid revealed plans for a major fundraising effort and fears that the upcoming election could delay energy policy decisions. The FTSE 100 company has announced a rights issue worth almost…
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6% of global nickel output at risk as turmoil hits New Caledonia
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There is definitely some drama in the base metals market right now. Copper has reached record levels due to supply shortages, and now nickel prices are rising, partly due to violent protests in New Caledonia. France’s Pacific region has seen a wave of riots after a proposed amendment to the…